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 Appearing on CNBC Tuesday morning, American International Group Inc.'s former CEO and chairman Hank Greenberg said that the giant insurer is a healthy company that only needs some liquidity and less pressure from ratings agencies to avoid filing for bankruptcy.
Calling AIG "a national treasure," Greenberg laid out his case for
saving his former company, saying the consequences of AIG's failure
would be systemic. Shares of AIG plummeted Tuesday, touching a low of
$1.25 in morning trading, as investors abandoned ship in fear that
the company would follow Lehman Brothers Holdings Inc. into bankruptcy. - George
White
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Considering the terms of the 85 billion dollar loan, I would rather that AIG declared bankruptsy.
The federal government is basically stealing the entire company and spitting on the shareholders many of whom have stock for their retirements and retirement funds that have large stock holdings. I would rather that the federal government get nothing if that is all that I will get.